Snowflake price target lowered to $195 from $207 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on Snowflake to $195 from $207 and keeps an Outperform rating on the shares following Q1 results. In the checks performed by the firm, customers continue to view data warehouse as critical, with data migration to the cloud resuming and Snowflake a key beneficiary, the analyst tells investors.